(Answered) The idea of term limits for elected legislators and for

Economics

The idea of term limits for elected legislators and for chairs of legislative committees has been hotly debated for a quarter of a century (while, of course, presidents have been term-limited since ratification of the Twenty-second Amendment in 1951). In light of the principal-agent framework discussed in this chapter, how might you attack the idea of term limits? How would you defend it? Do the same arguments make sense for bureaucrats?

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